Heath Town Center - Phase II
Heath Town Center Phase II | Tom Thumb Grocery Shadowed | 6.15% Cap | DFW
Marketing description
Heath Town Center Phase II is a recently constructed 13,927 square foot retail asset in the high growth DFW submarket of Heath, Texas. Positioned on the hard intersection of Laurance Drive and South Farm to Market 549, the Property is approximately 30 minutes northeast of Downtown Dallas. Heath Town Center Phase II is 100% leased to a complementary mix of food, service and medical tenants which includes Wings Over Heath, MyFitMed, Heath Boba Tea, Care Now, Donut Supreme, and Blue Koi Japanese Bistro with an average base lease expiration of July 2032. Five of six
tenants experience rent escalations during their primary lease terms. Built in 2022, the Property benefits from frontage to the Laurence Drive and South Farm to Market 549 intersection, partial masonry construction and shallow bay depth. Nearby retailers include Tom Thumb, Costco, CVS Pharmacy, UPS, Tom Thumb Fuel Center, Starbucks, Great Clips and Chase Bank among others.
Investment highlights
▪ 100% Leased, 6-Tenant Retail Asset Located in Affluent Submarket of Heath, TX (DFW)
▪ Average Household Income Exceeds $246,200, $170,100 and $132,700 in 1, 3 and 5 Mile Radii, Respectively
▪ Average Lease Expiration of July 2032 with 5 of 6 Tenants Experiencing Rent Bumps During Primary Term
▪ 2022 Construction with Partial Masonry Construction, Shallow Bay Depth & Direct Frontage to Laurence Drive and FM 549
▪ Tom Thumb Shadow Anchored
▪ Minutes from Travis Ranch, 1500+ Acre Master Planned Community
▪ Population Growth of More than 157% from 2000-2025 Within 5-Mile Radius
▪ Notable Retailers in Close Proximity Include Tom Thumb, Costco, CVS Pharmacy, UPS, Tom Thumb Fuel Center, Starbucks, Great Clips, Chase Bank & More
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